The direct effects of China's latest stimulus may not kick in until 2025, one researcher says.
That's because Beijing needs to ramp up spending in addition to monetary stimulus measures.
Lower interest rates, for one, may not entice households and businesses to borrow, or banks to ramp up lending, given China's already-sluggish economic environment.
In particular, Beijing needs more fiscal stimulus to go alongside its monetary stimulus measures, Huang said.
Experts have warned that China's economic problems could stick around for the long term given some of the nation's deep-rooted issues, like its population decline.
Persons:
—, Tianlei Huang, Huang
Organizations:
Service, Peterson Institute for International Economics, National, Terry
Locations:
Beijing